NFT stands for Non-Fungible Token, which is a unique digital asset that is stored on a blockchain. Unlike fungible tokens like cryptocurrencies, each NFT is one-of-a-kind and cannot be exchanged on a one-to-one basis because they have unique attributes or properties that make them distinct from one another.

NFT stands for Non-Fungible Token, which is a unique digital asset that is stored on a blockchain. Unlike fungible tokens like cryptocurrencies, each NFT is one-of-a-kind and cannot be exchanged on a one-to-one basis because they have unique attributes or properties that make them distinct from one another.